This is your chance to sign up for MENA’s biggest startup competition
Editor’s note: This article is part of a new GYV series, #Startups, covering the evolution, scope of work and challenges of young startups founded by millennial entrepreneurs from different countries around the world.
Today’s article goes to all young entrepreneurs in the pan-Arab region as one of MENA’s leading startup competitions is back in its 10th and biggest edition to date.
Launched in 2005, the MIT Enterprise Forum of the Pan Arab Region is one of the 28 worldwide chapters of the MIT Enterprise Forum Global, which aims to promote entrepreneurship and innovation by helping aspiring entrepreneurs grow sustainable businesses.
In line with its mission, the forum initiated its own entrepreneurial contest, the MIT Arab Startup Competition, in order to offer entrepreneurs in the region premium training and mentorship and provide them with a large platform for networking and significant media exposure along the way.
“So far, the competition has trained over 1,600 entrepreneurs and has created over 250 knowledge-based jobs,” Nadine Badreddine, project manager at MIT Enterprise Forum Pan Arab, told GYV. “We receive applications in three different tracks: Ideas, Startups and Social Entrepreneurship, in three different languages: Arabic, English and French.”
With over 6,000 applicants from 21 Arab countries every year and up to $160,000 in prize money, the MIT Arab Startup competition ranks among the top startup competitions in the MENA region and has attracted over 80,000 individuals to date.
Therefore, if you happen to be a young entrepreneur looking to grow your startup and benefit from expert guidance, you can apply on the competition’s website before January 4 for a chance to be considered and ultimately chosen among this edition’s semi-finalists.
“Seventy semi-finalist teams will be announced in February 2017 and will be invited to attend pre-bootcamp activities scheduled to take place in February and March, 2017 in Egypt, Jordan, Morocco, and the UAE,” Badreddine explained. “The competition will culminate in a four-day event in Bahrain from April 24 to April 27.”
Looking to be inspired? Check out last year’s winners across all three tracks of the competition.